When you’ve checked and, where necessary, fixed your credit score, now’s the time to begin searching around for that car loan. So let’s put up a list. Your local bank will offer car loans as part of its package of services. Obviously, the bank knows you since most transactions will go through your accounts. So you can go down, join the queue to see one of the loan officers and get a quote. More convenient is to sit down and use a site like this to get online quotes. No waiting in queues. Then there are the finance companies. You can always pick up a telephone and ask for a quote. Auto dealers can use their own cars or act as dealers of factories or official dealers. When you’re out shopping for that car, you can also ask about what loans are available. All that? Sure thing! Never accept the first deal offered to you. Car loans can vary from the affordable to the eye-popping insult. You need to get as many quotes as possible, look carefully at how the instalments fit into your current commitments, and decide whether you can afford this new car. It’s humiliating to have the reproman come and take your car away when you default. It looks bad on your credit records as well. If all else fails, make do with the current car.

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